# data[].attributes.body
Price Escalation refers to the increase in the price of a product in a foreign country due to extra costs related to international trade.

An example would be Kerry Gold butter, which is more expensive in other countries such as the USA due to import taxes, shipping costs, changes in exchange rates, etc.

# data[].attributes.body
Transportation and Logistics

This includes moving products between countries, insurance of goods, warehouse and storage fees,

Tariffs and Import Costs

Countries have border fees and customs duties that the exporting company has to pay to import their product into a new country.

Fluctuation in Exchange Rates

This happens when the value of one currency changes compared to another, which is constantly fluctuating.

Local Taxes

Different locations have different tax laws and VATs.

Inflation and Recession

If there is a recession in a country, the prices of the raw materials will increase, which will result in higher prices of products.

Demand

Something that is in high demand, may not be as popular in another country.

Middleman

This is the bridge between the product and where it sells. For example, retailers may add their own price.

# data[].attributes.headline
Video explanation about how tariffs contribute to Price Escalation

# data[].attributes.subject
Video explanation about how tariffs contribute to Price Escalation

# data[].attributes.attachment_link.title
Understanding Tariff Escalation: A Simple Guide

# data[].attributes.body
Streamline Distribution

By cutting out the middleman, prices can be regulated.

Local Production

Minimise import and trade costs by manufacturing the product locally.

Hedging Tools

Sign a future contract that locks in a secure price, mitigating any future risks.

# data[].attributes.headline
Example of Price Escalation between EU and USA

# data[].attributes.subject
Example of Price Escalation between EU and USA